Women’s Wear Daily
04.16.2014
fashion-scoops
fashion-scoops

Lindsay Owen-Jones to Step Off L'Oréal Board

In a letter to Jean-Paul Agon, the beauty firm's former chairman and ceo praised his successor.

fashion-scoops/news
Most Recent Articles In Fashion Scoops
Most Recent Articles In Fashion Scoops More Articles By

OWEN-JONES TO STEP OFF BOARD: Sir Lindsay Owen-Jones said Monday that he will resign from the board of directors of L’Oréal effective April 26, following the company’s next annual meeting. Owen-Jones, who is currently honorary chairman of L’Oréal, was chief executive officer of the multinational beauty conglomerate from 1988 to 2006.


In a letter to Jean-Paul Agon, chairman and ceo of L’Oréal, Owen-Jones praised his successor for strengthening the reputation of the firm and taking its share prices to historic levels, adding, “I believe that a former chairman must not indefinitely extend his presence at the board of directors.…I share the profound confidence that the board has in you….It seems to me therefore that the moment has come to complete the transition process initiated in 2006 and carried out step by step, consistently since then.”


At the annual meeting, Virginie Morgon, who is chief investment officer of Eurazeo and an executive board member, will take over as board director. As well, three directors will have their tenure renewed: Françoise Bettencourt Meyers, Peter Brabeck-Letmathe and Louis Schweitzer.

load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or